Canfor invests $40 million in upgrading Elko sawmill

Thanks to a roughly $40 million investment from Canfor Corporation, the Elko sawmill will be receiving an upgrade this year.

Thanks to a roughly $40 million investment from Canfor Corporation, the Elko sawmill will be receiving an upgrade this year.

The sawmill enhancement will take place throughout 2013 and will include upgrades to the mill, increased kiln drying capacity, and the construction of a Greenfield planer mill complex. Canfor’s contribution is part of a multi-year capital investment program aimed to enhance productivity and cost performance across the company.

“I think the critical point here for the [East Kootenays] is that Canfor has sent a very strong signal that they intend to keep the Elko mill open and operating for the long term,” stated Bill Bennett, Kootenay East MLA. “You don’t invest $40 million into something and a year later, announce that you’re going to shut it down.”

Canfor bought the Elko sawmill as well as the Canal Flats sawmill in a deal that was announced in 2011 and closed last March.

Bennett explained that with the purchase of the two mills, along with the Radium mill that they previously owned, Canfor had become the owner of the three main sawmills operating in the East Kootenays.

“Rumors were swirling, and I think there was fact supporting the rumors that they would close one of the mills,” he remarked. “To have them make such a strong statement in terms of their confidence in the future, I think is very, very good news for our end of the valley.”

The upgrade process will get started in the first quarter of the year and is expected to be complete by the third quarter of 2013.

Bennett believes the project means only good things for the East Kootenays.

“Anytime that you have $40 million being spent in this region, it has a multiplier effect.

“Anybody that’s in the construction business, or steel working business, or welding, mechanical, carpentry, anything like that, stands to benefit from this expansion.”

He added, “It may or may not be true that the $40 million investment will mean a whole bunch of new jobs, I’m not sure about that.

“But what it does mean is that the jobs that we have there now, the families who depend on that sawmill, who live in Fernie and Elko and the Jaffrey area and over to Cranbrook, their jobs are secure.”

 

Just Posted

Jaffray, Tobacco Plains, others to receive high-speed internet upgrade

The government today announced an initiative to connect rural British Columbia

Jaffray local Katie Anderson wins Boarderstyle event

A Jaffray woman dominated the slopes Saturday to claim first place in… Continue reading

Education key to coexistence: CanWel

CanWel executives say education is key to the Fernie community and forestry… Continue reading

RCMP investigating break-and-enter attempts in Fernie

Police are investigating four reports of attempted break-and-enters at the condos and… Continue reading

Fernie food share program thrives under new partnership

Four times the amount of food is being saved from landfill under… Continue reading

Protective human chain forms around Victoria mosque for Friday prayer

Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

Fernie Ghostriders host annual banquet, present player awards

MVP of the season was awarded to Brendan Nemes

Ghostriders goal judge, 80, retires

Over the years, Ron Linkert has missed only a handful of Fernie… Continue reading

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

Judge Inez Cardinal told court in Melfort, Sask., that Sidhu’s remorse and guilty plea were mitigating factors

Boy who went missing from park remains largest probe in Victoria police history

The four-year old Victoria boy went missing without a trace on March 24, 1991

WestJet sticking with Boeing 737 Max once planes certified to fly

WestJet had expected to add two more of the planes this year to increase its fleet to 13

B.C. driver caught going 207 km/h on motorcycle along Okanagan Highway

A motorcyclist was caught by Kelowna RCMP going 207 km/h on Highway 97C

Protective human chain forms around B.C. mosque for Friday prayer

Vancouver Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

B.C. fire department offers tips to keep your home safe during wildfire season

With wildfire season getting closer, the Penticton Fire Dept. offer tips to keep your home safe

Most Read